According to the data released by the General Administration of Customs of China, in September 2020, China’s textile and garment exports reached us $28.37 billion, up 18.2% from the previous month, including US $13.15 billion of textile exports, up 35.8% from the previous month, and US $15.22 billion of clothing exports, up 6.2% from the previous month.Customs data from January to September show that China’s textile and garment exports totaled us $215.78 billion, up 9.3%, among which textile exports totaled US $117.95 billion, up 33.7%.

It can be seen from the foreign trade data of customs that China’s textile export industry has witnessed rapid growth in the past few months. Therefore, we consulted several companies engaged in foreign trade clothing and textile, and got the following feedback:

According to a shenzhen foreign trade luggage and leather company related personnel, “as the end of the peak season is approaching, our export orders are growing rapidly, not only us, several other companies doing foreign trade orders are also very much, resulting in a significant increase in international ocean freight, the phenomenon of tank explosion and dumping frequent”.

According to the feedback from the relevant staff of Ali International platform operation, “From the data, the recent international trade orders are growing rapidly, and Alibaba internally sets the standard of double hundred, which is to serve 1 million standard boxes and 1 million tons of incremental traded commodities”.

According to the data of relevant information companies, from September 30 solstice during October 15, jiangsu and zhejiang areas printing and dyeing operation rate has increased significantly.The average operating rate rose from 72% at the end of September to about 90% in mid-October, with shaoxing, Shengze and other areas experiencing an increase of about 21%.

In recent months, containers have been distributed unevenly around the world, with severe shortages in some regions and serious overstocking in some countries.The container shortage is particularly acute in The Asian shipping market, especially in China.

Textainer and Triton, two of the world’s top three container equipment rental companies, say shortages will continue in the coming months.

According to Textainer, a container equipment lessor, supply and demand will not get back in balance until mid-February next year, and shortages will continue beyond the Spring Festival in 2021.

Shippers will have to be patient and may have to pay additional fees for at least five to six months of sea freight.The rebound in the container market has pushed shipping costs to record levels, and that seems to be continuing, especially on the trans-pacific routes from Asia to Long Beach and Los Angeles.

Since July, a number of factors have pushed up prices, severely affecting the balance of supply and demand, and ultimately confronting shippers with high shipping costs, too few voyages, inadequate container equipment and very low liner timings.

One key factor was a shortage of containers, which prompted Maersk and Haberot to tell customers it could take some time to regain balance.

SAN Francisco-based Textainer is one of the world’s leading container leasing companies and the largest seller of used containers, specializing in the procurement, leasing and resale of offshore cargo containers, leasing containers to more than 400 shippers.

Philippe Wendling, the company’s senior vice President of marketing, thinks the container shortage could continue for another four months until February.

One of the most recent topics in the circle of friends: lack of boxes!Lack of box!Rise in price!Price!!!!!

In this reminder, the owners of the freight forwarding friends, the shortage of the tide is not expected to disappear in the short term, we reasonable arrangements for shipment, advance notice arrangement booking space, and book and cherish ~

“Dare not exchange, the settlement of losses”, onshore and offshore RMB exchange rates both hit the highest appreciation record!

And on the other hand, in the foreign trade orders hot at the same time, the foreign trade people do not seem to feel the market to bring them a surprise!

The central parity rate of the yuan rose 322 points to 6.7010 on Oct. 19, its highest level since April 18 last year, data from the China Foreign Exchange Trade System showed.On October 20, the central parity rate of the RMB continued to rise by 80 basis points to 6.6930.

On the morning of Oct. 20, the onshore yuan rose as high as 6.68 yuan and the offshore yuan as high as 6.6692 yuan, both setting new records since the current round of appreciation.

The People’s Bank of China (PBOC) has cut the reserve requirement ratio for foreign exchange risks in forward foreign exchange sales from 20% to zero from October 12, 2020.This will reduce the forward purchase cost of foreign exchange, which will help increase the demand for foreign exchange purchase and moderate the rise of the RMB.

According to the trend of RMB exchange rate in the week, the onshore RMB has partially retreated in the case of the recovery of THE US dollar index, which is regarded by many enterprises as an opportunity to settle foreign exchange, while the offshore RMB exchange rate still keeps rising.

In a recent commentary, Jian-tai Zhang, chief Asia strategist at Mizuho bank, said the pboc’s move to cut the reserve requirement ratio for foreign exchange risk indicated a shift in its assessment of the renminbi outlook.Given Mr Biden’s lead in the polls, the us election could become a risk event for the renminbi to rise rather than fall.

“Dare not exchange, the settlement of the deficit”!And foreign trade after this period of time up up up up up up up, has completely lost his temper.

If measured since the start of the year, the yuan has risen by 4%.Taken from its lows at the end of May, the renminbi rose 3.71 per cent in the third quarter, its biggest quarterly gain since the first quarter of 2008.

And not just against the dollar, the yuan has risen even more against other emerging currencies: 31% against the Russian ruble, 16% against the Mexican peso, 8% against the Thai baht, and 7% against the Indian rupee.The appreciation rate against developed currencies is relatively small, such as 0.8% against the euro and 0.3% against the Yen. However, the appreciation rate against the US dollar, Canadian dollar and British pound is all above 4%.

In these months after the renminbi has been significantly stronger, the willingness of enterprises to settle foreign exchange decreased significantly.The spot settlement rates from June to August were 57.62 per cent, 64.17 per cent and 62.12 per cent respectively, well below the 72.7 per cent recorded in May and below the selling rate for the same period, indicating a preference for companies to hold more foreign exchange.

After all, if you hit 7.2 this year and now 6.7 is below, how can you be so ruthless as to settle?

People’s Bank of China (PBOC) data showed that foreign currency deposits of domestic residents and companies rose for a fourth consecutive month at the end of September, reaching $848.7 billion, surpassing the all-time high set in March 2018.This may have you and I do not want to settle the payment for goods.

Judging from the current productivity concentration of the global garment and textile industry, China is the only one among the countries with a weak impact of the epidemic.In addition, China is also the world’s largest producer and exporter of textiles, and China’s huge production capacity in the textile and garment industry determines the possibility of the transfer of orders from overseas to China.

With the advent of China’s Singles’ Day shopping festival, the growth of the consumer end is expected to bring a secondary positive drive to China’s bulk commodities, which may lead to a renewed rise in commodity prices in the chemical fiber, textile, polyester and other industrial chains.But at the same time also must guard against the exchange rate rise, debt default collection situation.